ARGENTINA: "Unpredictable" Cristina Hurting Foreign Investment Interest.

BLOOMBERG/ With BBC Details/     Even after concluding an $18.3 billion debt restructuring offer, Argentina may not see a surge of new foreign investors in South America's second biggest economy. Why? Because President Cristina Fernandez de Kirchner is considered a wild card. “The thing investors hate the most is unpredictability,” said NYC analyst Alan Stoga. He told Bloomberg that the government lacks “prudent and predictable” policies.
  In 2009, direct foreign investment in Argentina totaled only $4.9 billion compared with $26 billion in Brasil and $17 billion in Chile. “The government has a very intrusive attitude toward the markets,” said opposition banker Federico Sturzenegger. “There’s a lot of institutional uncertainty.”  But Argentina has settled 92% of the bad debt left from its sovereign default in 2001. About $6bn in  bonds are still held by "hold-out" creditors who rejected the swap and an earlier restructuring in 2005.